Question The average collection periodmeasures: A) the numberof days that elapse

Question

Question

The average collection periodmeasures:

A)

the numberof days that elapse between buying inventory from suppliers andcollecting cash from our customers due
to selling them inventory

B)

the numberof times a company is able to collect its accounts receivableduring the year

C)

the numberof days that elapse between making sales to customers onaccount and collecting cash from our customers
due to selling them inventory

D)

the numberof times a company is able to sell its inventory to creditcustomers during the year

E)

the numberof days that elapse between buying inventory from suppliers andmaking sales to customers on account

Question

Explanation / Answer

B. the number of times a company is able to collect its accountsreceivable during the year.

Related Questions

Navigate

• Browse (All)
• Browse Q
• Subjects

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.